The latest market intelligence report, titled ‘Global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market ’, is intended to provide the target audience with the necessary information about the global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market industry. The report comprises a detailed analysis of the vital elements of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market , including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects
Location-Based Services (LBS) and Real-Time Location Systems (RTLS) are two distinct technologies that have revolutionized the way we live and work. LBS is a mobile application that utilizes the location of a user to provide relevant information, while RTLS is a system that tracks the location of assets or people in real-time. The market for these technologies has been growing rapidly in recent years, driven by a number of factors.
The global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market size is expected to reach USD 113.27 Billion in 2032 and register a steady revenue CAGR of 17.6% during the forecast period, according to latest analysis by Emergen Research. The increasing adoption of smartphones and mobile devices, along with the growth of IoT technology, are some of the major factors driving the market growth. Additionally, the need for better supply chain management and the growing demand for location-based advertising are also contributing to the expansion of the LBS and RTLS market.
One of the major drivers of the market is the increasing demand for location-based advertising. Location-based advertising allows businesses to target potential customers in a specific location, based on their interests and preferences. According to a report by the Interactive Advertising Bureau, 70% of consumers are more likely to make a purchase from a business that uses location-based advertising. This has led to an increased adoption of LBS technology by businesses across various industries.
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Exhaustive coverage of the COVID-19 impact on the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
Research Report on the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Addresses the Following Key Questions:
- Who are the dominant players of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market?
- What are the key growth drivers and restraining factors of the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) market and its key segments?
Global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market: Competitive Analysis :
AiRISTA Flow, Inc., Apple Inc., Hewlett Packard Enterprise Development LP, CenTrak, Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Esri, GE HealthCare, Google, and HERE
The research study examines historic data from 2018 and 2020 to draw forecasts until 2032. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market .
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Segments Covered in this report are:
-
Component Outlook (Revenue, USD Billion; 2019–2032)
- Platform
- Services
- Hardware
-
Location Type Outlook (Revenue, USD Billion; 2019–2032)
- Outdoor
- Indoor
-
Application Outlook (Revenue, USD Billion; 2019–2032)
- Tracking and Navigation
- Marketing and Advertising
- Location-Based Social Networks
- Location-based Heath Monitoring
- Others
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Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2023-2032
TOC of the global Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market report:
- Chapter 1, describes the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.
- Chapter 2, analyzes the key manufacturers of Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market , along with the sales, revenue, and price of Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market , in the forecast period.
- Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.
- Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market, for each region, from 2020 to 2032.
- Chapters 5, 6, 7, 8 and 9, analyze the Location-Based Services (LBS) And Real-Time Location Systems (RTLS) Market by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued
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Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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